Tech Company Financing Transactions
Akhetonics Funding Round
Matterwave Ventures, 468 Capital and Bayern Kapital participated in a $6.3 million funding round for Akhetonics. The round was announced on 11/29/2024.
Transaction Overview
Company Name
Announced On
11/29/2024
Transaction Type
Venture Equity
Amount
$6,300,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to deliver their hardware to pilot customers as the demand for higher performance and energy-efficient computing intensifies.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Akazienstr. 3a
Berlin, 10823
Germany
Berlin, 10823
Germany
Phone
Undisclosed
Website
Email Address
Overview
Akhetonics is creating the world's first all-optical XPU, a cross-domain processor for general-purpose, ultra-low power, high-performance computing and AI. With our in-house developed photonic design automation tools and all-optical control flow we created a new platform, beyond the typical von Neumann architecture, designed specifically for photonics. We do this by uniquely combining the best of optical digital computing with optical analog computing and optical quantum computing. Furthermore, our photonic processors are created using a purely European supply chain, from fabrication to packaging, allowing for an unmatched security in the high-performance computing domain.
Management Team
Title
Name
Email & Social
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Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
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